Unveiled by Backes & Strauss, the watch is part of its Piccadilly Princess Royal collection and made of 245 Zambian emeralds with 10 different cuts for a total of 31.91 carats.

Part of a collaboration with Gemfields, the Piccadilly Princess Royal Emerald Green timepiece is the third in a series of five unique watches, following the release of the Piccadilly Princess Royal Colours in 2014 and Piccadilly Princess Royal Blue in 2015.

The series has been unveiled to commemorate the 225th anniversary of Backes & Strauss, an Arabian Business report said.

The creation is inspired by London's Regency Era and the vibrant green emeralds reflect the British capital's devotion to its natural landmarks and lush green parks during this time period.

The watch, which costs USD 2,271,275, is available at a mall here.

"A shared dedication to environmental and human rights responsibility along with commitment to high-quality cut and polished stones are what have encouraged us to continue a partnership and create another masterpiece with Gemfields," Vartkess Knadjian, CEO, Backes & Strauss, was quoted as saying.